Successful professional executive who provides career advice and coaching for job advancement.

Sonny's resume

SONNY E. FRANCO
1703 Leroy Bonse Drive (concealed information)
El Paso, Texas 79936 (concealed information)


CHIEF EXECUTIVE OFFICER/CHIEF FINANCIAL OFFICER

Highly analytical, solution-driven executive skillfully synthesizing expert-level accounting and finance proficiencies with hands-on operations management experience to elevate bottom-line revenues and deliver pervasive internal corporate growth. Change agent excelling in transforming and strengthening corporate processes and procedures to elevate productivity and build cohesive teams in such departments as Inventory, Human Resources, and Information Technology. Deep experience in General Ledger, Financial Analysis, Budgeting, Cash Management, and Reporting. Engineered major cost reductions resulting in measurably higher cash flow and returns on investment for both for- and non-profit corporations. Specialized experience in consulting in hospital environments, yielding quantifiable results in such areas as dietary, pharmacy, and nursing.






Cost / Financial Accounting
Capital Budgeting
Financial Analysis
Financial Planning
Strategic Forecasting ∙
Project Management
Cost Reductions
Financial Reporting
AREAS OF EXEPERTISE
Turnarounds / Start-ups
Risk Management
Cost Accounting
Activity Based Costing
Contract Negotiation
Inventory Control
IT, HR Management
Cash Management


Staff Management
Operational Improvements
Change Management
Account Payable / Receivable
Payroll
Month-End Closings
Process Streamlining
Audits


EDUCATION
Master of Science in Accountancy
Master of Business Administration
UNIVERSITY OF PHOENIX, Phoenix, Arizona

Bachelor of Business Administration in Accounting and Finance
UNIVERSITY OF TEXAS at EL PASO, El Paso, Texas

PROFESSIONAL EXPERIENCE

Chief Financial Officer / Controller
El PASO SLEEP CENTER • 2014 – 2017
Sleep disorder practice affiliated with the Paul L. Foster School of Medicine and Texas Tech University Health Science Center.
Directed and supervised accounting functions (A/P, A/R, and Payroll); including establishing and maintaining the practice's accounting principles, practices, procedures, and initiatives. Prepared financial reports and present findings and recommendations for cash management to the owner. Filed corporate and franchise taxes. Worked closely with external auditor to ensure accurate and efficient completion of financial audits.

Financial Accounting Consultant
GERSON LEHRMAN GROUP COUNCILS, El Paso, Texas • 2008 – 2014
Network of 200K business experts and consultants catering to corporations and non-profit organizations. Advised wide-ranging businesses and investment firms on accounting and financial industry trends, products and services, and key IT developments.


SONNY E. FRANCO PAGE 2

PROFESSIONAL EXPERIENCE (Continued)

Financial Accounting Consultant (Continued)

Conducted client research projects yielding a comprehensive analysis of economic and marketing trends across multiple industries. Completed studies on product and service development for current and future consumer and business needs.

Operational/Financial Achievements:
 Completed and provided valuable research facilitating corporate investment in innovative, profitable firms as well as strengthening existing and the creation of new products and services.

 Engineered operational cost reductions ranging from 15% to 20% through consultations with the CEOs and CFOs of various hospitals.

 Boosted client profits by 20%-30% through the introduction of improved collections procedures.

 Achieved a distinction as a premier GLG Educator/Consultant based on numerous referrals and requests from past clients.

Controller (Contract)
EL PASO FIREMEN AND POLICEMEN’S PENSION FUND, El Paso, Texas • 2010 –2012
$1B pension fund in El Paso, TX. managed for local firemen and policemen city employees.

Ensured the financial integrity of the pension fund by preparing financial statements for the Board of Directors. Financial statements include the fund’s consolidated investment performance comprised of all the pension’s financial money management firms. Monitored all financial transactions relating to the pension fund’s cash receipts and disbursements, capital assets, and journal entries. Maintained internal accounting procedures, including the timely administration of A/P, A/R, Payroll, and HR functions. Established and monitored accounting policies to provide for efficient and successful external financial audits.

Corporate Controller (Contract)
PHYSICIANS HOSPITAL, El Paso, Texas • 2007 –2008
General acute care hospital with 300+ physicians. Annual revenues: $75M-$120M.

Directed daily operations as well as such key financial management functions as Account Payables and Receivables, and Payroll. Orchestrated month-end closings and managed the general ledger for all internal accounting departments. Originated and assessed monthly financial reports and budgets, quarterly forecasts, statistical and cost reports.
 Facilitated the successful 363 bankruptcy sale of hospital assets through the delivery of accurate financial statements for presentation to the purchasers, allowing the entity’s creditors to recoup >45% of their allowed claim amounts. Cut operational overhead by 15% prior to the hospital’s sale.

 Lowered bad debt load by 25% using strategic collection procedures, boosting overall cash flows by 20% to elevate the hospital’s profitability by 12%.


 Utilized Meditech software extensively for financial reporting and analysis. Configured software modules (SQL programming) to provide custom reporting on finances, clinical operations, and health records management (HIPAA compliance).

 Successfully trained staff on Meditech modules to ensure efficient workflow processes and assurance of responsibilities.

 Maintained internal revenue cycle management processes to ensure sufficient cash flow until the sale of the hospital was completed.

Chief Financial Officer, Controller (Contract)
NAZARETH HALL NURSING CENTER, El Paso, Texas • 2006 – 2007

Reengineered the Accounting Department through the establishment of standard financial internal controls. Lowered A/R DSOs by 20% and operational overhead by 10% by renegotiating services and inventory purchases.

 Promoted open internal department dialogue. Generated Medicaid, Medicare, and staffing compensation cost reports in compliance with U.S. Department of Health and Human Services requirements.

 Tapped by the CEO to deliver management training to facility department heads.

 Configured Meditech software to prepare tailored reports for staff and the Board of Directors.
SONNY FRANCO PAGE 3

PROFESSIONAL EXPERIENCE (Continued)


Senior Financial Accountant
EL PASO ELECTRIC COMPANY El Paso, Texas • 2005 – 2006

Optimized internal accounting procedures and communication, expediting the completion of external audits while lowering related costs by 12%.
 Captured a 5% reduction in department budgets, boosting investment capital and yielding a greater ROI resulting in an 8% rise in daily cash flow.

Chief Financial Officer/Corporate Controller
CARBALLO WINE IMPORTS, El Paso, Texas • 2002 – 2005

Fueled the growth of the company, including the development of a just-in-time (JIT) inventory system while seamlessly performing multiple roles, including the roles of Chief Operating Officer/Chief Executive Officer.
Led installation and management of IT platform, including upgrades, software and server maintenance, data back-ups, and employee IT/software interface training. Managed inventory levels and procurement. Created budgets and prepared and submitted financial statements. Devised and implemented financial strategies to drive capital procurement and maintain banking and expenditure arrangements.

Operational/Financial Achievements:

 Decreased inventory expenditures by 25% after collaborating with an external IT consultant to establish internal operations management platform. Strategy boosted daily cash flow by 15%, monies which were subsequently used for facility expansions, IT platform upgrades, better employee benefits, and bonuses.

 Achieved a 10% monthly average ROI by engineering an effective investment mix and strategy which entailed the investment of additional cash reserves in money market and long-term capital securities.

 Researched wine sales to guide investment decisions and maximize profitability by >30%.

Banker/Financial Analyst
WELLS FARGO BANK, El Paso, Texas • 2002– 2003

Guided clients in the achievement of their personal and business goals using applicable financial products, including the creation of a customized investment portfolio including checking and saving accounts, CDs, loans, IRAs, mortgages, insurance, mutual funds, stocks, and bonds.

 Forged and maintained long-term financial relationships for 250+ consumer financial portfolio accounts.

 Lauded by the Regional Banking Manager as a top banker within the El Paso, Texas and Las Cruces, New Mexico area.

Financial Consultant
NEW YORK LIFE INSURANCE, El Paso, Texas • 1999 – 2002

Customized investment and financial planning services, including insurance policies, mutual funds, stocks, bonds, and options and futures contracts, for 300+ individual and business investors. Performed estate planning. Completed extensive financial analysis of client’s current and projected financial needs.

COMPUTER PROFICENCY


Microsoft Office
Meditech
Automatic Data Processing (ADP)
Lotus Notes
Kronos (Payroll Software)
Great Plains
SAP
QuickBooks
Sage 100 ERP
MS Dynamics 365